Loading...
•
Dec 31, 2023
Intuitive Surgical Q4 2023 Earnings Report
Intuitive Surgical's Q4 2023 earnings were announced, demonstrating significant growth in revenue and da Vinci procedures.
Key Takeaways
Intuitive Surgical announced strong Q4 2023 results, with revenue increasing by 17% year-over-year to $1.93 billion. The company saw growth in da Vinci procedure volume and an increase in the installed base of systems. GAAP net income attributable to Intuitive Surgical was $606 million, or $1.69 per diluted share, while non-GAAP net income was $574 million, or $1.60 per diluted share.
Worldwide da Vinci procedures grew approximately 21% compared with Q4 2022.
The company placed 415 da Vinci surgical systems, compared with 369 in Q4 2022.
Revenue for Q4 2023 reached $1.93 billion, a 17% increase compared to $1.66 billion in Q4 2022.
Q4 2023 GAAP net income attributable to Intuitive was $606 million, or $1.69 per diluted share.
Revenue by Segment
Forward Guidance
The company obtained CE mark certification for the da Vinci single-port (SP) surgical system in January 2024 and plans to commercialize the SP system in select major European countries throughout 2024 as part of a measured rollout strategy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...